This new score aims to help lenders assess an individual's credit rating who may not have
a strong traditional credit history, but instead has a strong profile of paying bills and other obligations on time.
Not exact matches
Qualifying for a business
credit card may be easier than a
traditional loan and could make it possible for a business owner who has not yet established a
strong business
credit profile or don't have sufficient revenue to qualify for a small business loan (provided you have a
strong personal
credit history).
This premium structure will preserve lower premium costs for FHA's
traditional borrowers, including low - income and minority families who have a
strong credit history and save for a downpayment.